Sub-Servicing Default Analyst

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Job description

Overview:
The Sub-Servicing Default Analyst will be responsible for analyzing and validating the monthly sub-servicer invoice. Work closely with the Transaction Management Team, Sub-Servicers and Seller's to ensure escrow and corporate balances are settled and loaded timely to the servicing platform and the appropriate corporate gl's. Responsibility for recording losses and clearing balance sheets on government settled loans. The salary range for this position is $80,000 to $120,000, plus an annual bonus.

Responsibilities:
Submit accrual entries for sub-servicer P/L

Review the accrual true-up and provide detail for variance at item level

Ensure balances are loaded on the appropriate servicing platforms and tie back to wires and the appropriate gl's

Analyze sub-servicer cash flows, identify control gaps or areas of risk and develop agreed-upon action plans

Provide monthly on-site support to sub-servicers when needed

Assist sub-servicer and/or provide subject matter guidance to the appropriate business units on any agency, investor or Lakeview policy or guide changes

Review and record losses on government settled loans; ensure balance sheet accounts are cleared. Any usual losses are reviewed with sub-servicer, Lakeview Claim team, and/or Lakeview default oversight

Other duties as assigned could include the following:

Ensure sub-servicing reporting to the agencies and to Lakeview is timely and accurate

Review monthly bank statements from the sub-servicers ensuring timely completion and no items aging greater than 90 days

Track resolution of Investor edits received from each of the agencies

Work with sub-servicers to ensure all shortage surplus items are resolved and funded timely

Track, report and forecast monthly servicing advances to sr. management

Assist with the posting and disbursement to the general ledger

Qualifications:
Working knowledge of mortgage loan servicing operations

Working knowledge of investor/insurer guidelines and timeframes for default actions

Working knowledge of loss mitigation/loan workout experience

Efficient, detail-oriented, highly organized

Strong written and communication skills

Responsible for knowledge of investor/counter-party/seller/sub-servicer guides and contracts

Education/Experience Requirements:

Bachelor's degree in accounting or finance required however additional years of experience may substitute for degree requirement

4+ years of experience in mortgage servicing

2+ years of experience in Investor Accounting

Prefer MSP knowledge but not required

Proficient in Microsoft Office Suite Excel, PowerPoint, Word, and Access

Physical Demands and Work Environment:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit and use hands to finger, handle, or feel objects, tools, or controls. The employee frequently is required to talk and hear. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl.

The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and the ability to adjust focus.

The noise level in the work environment is usually moderate. EEOC:

Lakeview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.

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